Posts: 12

Topic: Experimenting with Close at Bar Open

Dear Traders,

I always work on making more reliable and safe strategy model. As a result we have one of the best tools in the industry. But we want even more, for example, point to point correspondence of the backtest results of our tools with other popular platforms.

One old idea is to close the positions at the next Bar Open instead of the current close. In the reality the difference is very small - only one tick. The design of the most popular platform makes the detection of Bar Open a piece of cake, but on the other hand, these platforms are almost incapable of working with Bar Close.

To solve that mystery, I intend to create a strategy structure and a proper Generator for trading only on Bar Open. I'll use EA Studio for the prototype base and because I already have the main idea, I think we will have results before the end of June.

I want to be able to provide strategies for comparing both models and to draw the direction of the future developments.

Re: Experimenting with Close at Bar Open

I am not sure if you can set up to export Account Statistics for a comparison.

This two should provide most of what would be needed to make a detailed comparison. (I think)

I am looking at 'Statistics', that may be better for comparison than 'Account Statistics' because it separates Long and Short. more details.

I actually have not thought much about entries on Open or Close but I will be willing to test the idea thoroughly. I think we may have to use several types of indicators and combinations to get an accurate picture.

Hopefully others will contribute to this thread.

daveM

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

A side effect can be that the EA will be much faster on the MT Tester. It can be even faster than the usual MT Experts.This is possible because the indicators will be calculated only at a new bar (only if there is / there is not position) vs at every tick as usual.

Re: Experimenting with Close at Bar Open

Interesting that MT4 builds bars based on the clock, a bar may have no activity but it is printed anyways.... That would seem to render our strategies to be somewhat inaccurate on the lower time frames ie 5 minute and one minute.

My 'secret' goal is to push EA Studio until I can net 3000 pips per day....

Re: Experimenting with Close at Bar Open

Popov wrote:

Dear Traders,

I always work on making more reliable and safe strategy model. As a result we have one of the best tools in the industry. But we want even more, for example, point to point correspondence of the backtest results of our tools with other popular platforms.

One old idea is to close the positions at the next Bar Open instead of the current close. In the reality the difference is very small - only one tick. The design of the most popular platform makes the detection of Bar Open a piece of cake, but on the other hand, these platforms are almost incapable of working with Bar Close.

To solve that mystery, I intend to create a strategy structure and a proper Generator for trading only on Bar Open. I'll use EA Studio for the prototype base and because I already have the main idea, I think we will have results before the end of June.

I want to be able to provide strategies for comparing both models and to draw the direction of the future developments.

Please share your ideas,

Trade Safe.

Hi Popov, how is the development going? Will it be implemented to ForexSB pro?

Re: Experimenting with Close at Bar Open

Hi Popov, how is the development going?

I'm working hard and the results are promising. I'll show a prototype in two days.

Will it be implemented to ForexSB pro?

With this model it becomes a different program and also the exported Expert Advisors will have a different structure. I'll keep them separated as FSB Pro and EA Studio. However, the EA Studio is included in the FSB Pro purchase so the answer to your question is virtually Yes.